Industry superannuation fund AustralianSuper has appointed Philippa Kelly to its board of directors and selected her as chair of its investment committee.
Kelly would replace Jim Craig who joined the board in 2017 and also chaired the investment committee.
Kelly had worked as the chief operating officer at the Juilliard Group and as head of institutional funds management at Vicinity Centres. Kelly also currently served as director of oOh!media and deputy chancellor of Deakin University.
AustralianSuper chair, Don Russell, said: “Kelly is a very highly skilled investment professional who brings a wide range of experience to AustralianSuper”.
“As the fund continues to grow, Kelly is ideally placed to help further build our global investment portfolio to help members achieve their best financial position in retirement. Her rich history in investment markets will make Kelly an integral part of the decision-making team.”
Russell thanked Craig for playing a crucial role as a director and chair of the investment committee.
“Mr Craig has overseen an extraordinary period of growth and acquisition during his time as a director and chair of the investment committee,” Russell said.
“On behalf of the board, I would like to thank Mr Craig for his commitment and dedication during his time with the fund.
“His deep understanding of global and unlisted markets has been integral in assisting the fund as it moves towards being a $500 billion fund with indirect and direct ownership in investments across the world.”
Kelly said she was excited to be joining a fund that had a strong commitment to its members’ best financial interests.
“AustralianSuper has a clear strategy to grow its investment portfolio so it can continue to provide members with strong long-term returns,” Kelly said.